As the year draws to a close, the crypto market is showing an upward trend, especially with altcoins at the forefront. This development has sparked interest among investors in pinpointing which crypto will explode in 2023. In response, our financial experts have thoroughly analyzed the current market dynamics and pinpointed two altcoins that demonstrate outstanding performance and significant growth potential.
These selected cryptocurrencies meet key criteria, such as robust community support, untapped growth possibilities, and solid financial potential. These factors are essential for gauging their likelihood of sustained success in the dynamic world of cryptocurrency.
Our focus is on two particular altcoins: Avalanche (AVAX) and Pandoshi (PAMBO). The subsequent sections will delve into the specifics of each of these digital currencies. We’ll explore their unique attributes and reasons why they might be a valuable addition to your investment portfolio. For both newcomers to the cryptocurrency scene and experienced investors, understanding the distinctive qualities of Avalanche and Pandoshi could be key to informed investing as we approach the new year.
Currently, Pandoshi is progressing through its third phase out of a total of five, presenting additional opportunities for investor participation. The impressive funding it has attracted in these early stages is a promising sign of its future potential.
The Pandoshi ecosystem is rich in features. It incorporates a Layer-2 Network utilizing the Proof of Stake protocol, a more environmentally friendly alternative to traditional Proof of Work systems. The ecosystem also includes a decentralized exchange, a non-custodial wallet, Metaverse gaming experiences, educational programs such as Pandoshi University, and cryptocurrency-enabled prepaid cards, all supported by its community.
At the heart of this ecosystem lies PAMBO, Pandoshi’s own token, which was originally launched on the Ethereum (ETH) blockchain. PAMBO follows a deflationary model, highlighted by a distinctive buy-and-burn strategy. This approach involves purchasing PAMBO tokens at market value and subsequently eliminating them from circulation, effectively increasing their rarity and potential value.
Pandoshi tokens are currently being offered to the public at a reduced price. This public offering is organized into five distinct phases, with each phase progressively increasing the token price:
- Phase 1: Token value set at $0.002 per unit.
- Phase 2: Token value increased to $0.004 per unit.
- Phase 3: Current phase with token value at $0.006 per unit.
- Phase 4: Upcoming phase with token value anticipated at $0.008 per unit.
- Final Phase: Token value projected to reach $0.01 per unit.
Market analysts are increasingly of the opinion that PAMBO could be the next crypto to hit $1 valuation. This viewpoint stems from Pandoshi’s carefully structured tokenomics, which present a compelling argument for substantial price appreciation. Taking into account the current market trends and the growth strategies of the Pandoshi ecosystem, financial experts forecast that PAMBO could attain a price of $1 in its first year of trading.
AVAX is the foundational token of the Avalanche network, essential for achieving the network’s goals of enabling blockchain functionality and the development of decentralized applications (dApps).
Launched in 2020, AVAX has diverse roles, including fortifying the Avalanche blockchain via staking, handling transaction fees, and acting as the principal currency for protocol interactions within the Avalanche ecosystem. As of now, the total supply of AVAX is fixed at 720 million tokens, with more than 430 million AVAX tokens in circulation.
As the key token of the Avalanche blockchain, AVAX is vital for the network’s operations. The overall supply of AVAX is strictly limited to 720 million tokens. The rate of new AVAX token creation is governed by the community of AVAX holders, who have the power to direct the minting speed of new AVAX tokens.
AVAX holders have the power to vote on changing rewards for those who help add new blocks to the Avalanche network. If you want to be involved in making decisions for the Avalanche blockchain, you need to have AVAX tokens.
Additionally, AVAX is instrumental in maintaining the security of the Avalanche blockchain through staking. The Avalanche network employs the Proof-of-Stake (PoS) consensus model to authenticate transactions.
In the Avalanche ecosystem, validators are crucial nodes that verify network transactions. Individuals have the option to participate in the Avalanche network either by becoming validators or by acting as delegators, contributing to the transaction validation process.
Nonetheless, when considering Avalanche (AVAX) alongside a developing project like Pandoshi (PAMBO), which is yet to achieve its full potential, certain cryptocurrency investors may find the prospect of investing in Pandoshi more enticing. Opting to invest in Pandoshi could result in substantial gains, with the possibility of earning returns up to 100-fold or even 1000-fold of the original investment.